Over the top cord cutting service KlowdTV announced today that they were closing effective immediately.
The announcement came via their Facebook page:
It is with much regret that we inform you that we are permanently closing our doors. Effective immediately we will no longer be providing our service on KlowdTV.com or through any of our apps.
Unfortunately, due to current market conditions we have been unable to raise the required capital to continue operating and expanding the platform. Our model, which promoted viewer choice and flexibility, was groundbreaking in the industry. Our small team has appreciated every subscriber and your encouragement about what we were building. We apologize for the short notice, and for failing to keep the platform going.
All accounts have canceled effective immediately, and you will not be billed again. Accounts previously canceled will remain as such.